Dhaka, Bangladesh (BBN) – Bangladesh on Tuesday signed a memorandum of understanding (MoU) with Malaysia for exchange of information relating to money laundering, officials said.

The MoU was signed between the financial intelligence units (FIU) of the two country’s central banks in Kuala Lumpur on the day, officials confirmed in Dhaka.

“We have signed the MoU with the central bank of Malaysia aiming to exchange information about money laundering that will also help to bring back the money siphoned from Bangladesh to that country,” a senior official of the Bangladesh Bank (BB), the country’s central bank told BBN in the capital, Dhaka.

He also said the BB is now working to sign a similar agreement with 25 other countries across the world, the official added.

A high-powered taskforce on repatriation of siphoned off money earlier decided to collect information from ‘My Second Home Program in Malaysia’ to know how many Bangladeshi nationals are registered under the scheme.

Bangladesh government earlier formed a 10-member taskforce, headed by the central bank governor, to coordinate efforts of different agencies to bring back such money.

BBN/Si/SI/AD-13August08-11:36 AM